Mitsubishi UFJ Asset Management UK Ltd. Sells 3,000 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. reduced its stake in Marsh & McLennan Companies by 54.5%, selling 3,000 shares and now holding 2,500 shares valued at $547,000.
• CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan for approximately $4.33 million, reducing his position by 19.38%.
• Analyst ratings for Marsh & McLennan show a consensus of Hold with a price target of $238.76, with several upgrades and downgrades from various research firms.

Mitsubishi UFJ Asset Management UK Ltd. trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 54.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the financial services provider's stock after selling 3,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Marsh & McLennan Companies were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Accent Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $28,000. Activest Wealth Management lifted its position in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after purchasing an additional 111 shares during the period. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $37,000. Finally, Capital Analysts LLC lifted its position in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock worth $41,000 after purchasing an additional 64 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on MMC. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price objective for the company. UBS Group cut their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Morgan Stanley cut their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Finally, Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a "peer perform" rating on the stock. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $238.76.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $201.65 on Wednesday. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm's 50-day simple moving average is $203.48 and its 200 day simple moving average is $217.29. The firm has a market capitalization of $99.14 billion, a PE ratio of 24.18, a P/E/G ratio of 2.52 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 EPS. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio is 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.